Received interest, commission and fees related to certificates, bonds and other securities

4

3

Proceeds from the sale and settlement of certificates, bonds and other securities

2 622

1 170

Purchases of certificates, bonds and other securities

-3 073

-707

Changes in other assets

-20

-14

Net cash flow from investing activities

4810

-467

452

Cash flow from financing activities

Paid interest, commission and fees related to issued bonds

-317

-252

Net change in loans from credit institutions

128

61

Proceeds from covered bond issuance

5 862

3 350

Redemption of issued covered bonds

-2 500

-2 883

Dividend paid

-152

-156

Changes in other debt

34

17

Issue of share capital

100

150

Net cash flow from financing activities

1015

3 155

287

Net change in cash and cash equivalents

917

-186

Cash balance at 01.01

85

271

Cash balance at 31.12

6

1 002

85

The cash flow analysis is prepared on the basis of the direct method with cash flows attributable to operational, investment and financing activities. Cash flows from operational activities are net receipts and payments from lending activities, and payments generated from costs associated with operational activities. Cash flows from investing activities are purchases or sales of bonds and other securities. Cash flows from other securities transactions, issuing and repaying securities issued, and equity are defined as financing activities.

Financial position line items have been adjusted for the impact of foreign exchange rate changes.

Cash and cash equivalents are defined as loans to and receivables from credit institutions with no agreed period of notice. Loans and receivables from credit institutions are mainly related to Sparebanken Møre.